Russia creating $10 bln investment fund

From Ninemsn.com.au: The Russian government is setting up a $US10 billion ($A9.87 billion) joint investment fund with private equity firms in a bid to bring new foreign capital to the country, the Financial Times reported on Monday.
The report follows President Dmitry Medvedev’s commitment last year to create a “special sovereign fund” that could help boost his economic modernisation effort and make Moscow into a global financial centre……………………………………….Full Article: Source